MARC Record from Library of Congress

LEADER: 01863cam a22003257a 4500
001 2005616496
003 DLC
005 20050218105825.0
007 cr |||||||||||
008 050210s1999 nyu sb f000 0 eng
010 $a 2005616496
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aPotter, Simon M.
245 10 $aFluctuations in confidence and asymmetric business cycles$h[electronic resource] /$cSimon M. Potter.
260 $a[New York, N.Y.] :$bFederal Reserve Bank of New York,$c[1999]
490 1 $aStaff reports ;$vno. 66
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 2/10/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"There is now a great deal of empirical evidence that business cycle fluctuations contain asymmetries. The asymmetries found in post-war U.S. data are inconsistent with the behavior of the U.S. economy in the Great Depression. In a model where business cycle asymmetries are produced by rational fluctuations in the confidence of investors, I examine whether this inconsistency can be explained by differences in government policy. It is found that the "ineptness" of government intervention during the Great Depression in reducing the confidence of investors rather than the success of post-war stabilization policy in raising confidence is the most likely explanation"--Federal Reserve Bank of New York web site.
650 4 $aElectronic publications.
650 4 $aEconomic indicators.
650 4 $aBusiness cycles.
651 4 $aUnited States.
710 2 $aFederal Reserve Bank of New York.
830 0 $aStaff reports (Federal Reserve Bank of New York : Online) ;$vno. 66.
856 40 $uhttp://www.ny.frb.org/research/staff_reports/sr66.html